The EUR/JPY gained slightly as Euro showed a minor pullback. It hits an low of 161.17 yesterday and is currently trading around 1612.25. Intraday outlook is bullish as long as the support 160.95 holds.
Technical Analysis:
The EUR/JPY pair is trading below 34, below 55 EMA and above 200-4H EMA on the 4- hour chart.
- Near-Term Resistance: Around 162.70 a breakout here could lead to targets at 163/163.30/164.20/165/166.65/167.
- Immediate Support: At 161 if breached, the pair could fall to 160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest Mixed trend
Trading Recommendation:
It is good to buy on dips around 162 with stop loss at 161 for a TP of 163.20/164.


FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD edges higher but bearish outlook persists
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro- Major Pair levels and bias summary
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias 



